1st Quarter 2019 Nest Realty Report – Are We in the Eye?

Every year I’ve practiced real estate has been interesting. This one is no different.

What’s the Charlottesville Real Estate Market Doing?

  • Houses are selling
  • Houses closer to stuff seem to be going under contract more swiftly than more rural properties
  • Prices seem to be moderating in most pockets, as are days on market, while inventory is creeping (and shooting in parts) upwards.
  • Buyer mentality is shifting; they are seeing that houses are sitting on the market for longer than they perceived they would be. This is important.

Can I buy a house/sell my house?

Yes, absolutely. And it depends.

  • Will you price according to the market? Look at the active and under contract competition as much, if not more than, the solds.
  • For how long do you expect to live in the Charlottesville area? At least 5 years? Great. Could be a good time to buy.
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  1. Pingback: Lying Aesop Allergies Emotions | Note From Jim | Monthly Note Archives - RealCentralVA.com

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